Algert Global LLC Boosts Stake in Fair Isaac Corporation $FICO

Key Points

• Algert Global LLC increased its stake in Fair Isaac Corporation by 28.8% in the first quarter, accumulating a total of 2,877 shares valued at approximately $5.3 million.
• Fair Isaac reported a 19.8% year-over-year revenue growth with quarterly earnings of $8.57 per share, exceeding analyst expectations.
• The company's Board of Directors authorized a $1 billion stock buyback plan, indicating confidence in the company’s valuation amidst market fluctuations.

Algert Global LLC raised its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 28.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,877 shares of the technology company's stock after buying an additional 644 shares during the period. Algert Global LLC's holdings in Fair Isaac were worth $5,306,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. George Kaiser Family Foundation purchased a new stake in Fair Isaac during the 1st quarter valued at $275,000. Roberts Capital Advisors LLC purchased a new stake in Fair Isaac during the 1st quarter valued at $599,000. Bowie Capital Management LLC grew its position in shares of Fair Isaac by 8.5% during the 1st quarter. Bowie Capital Management LLC now owns 63,105 shares of the technology company's stock valued at $116,376,000 after acquiring an additional 4,958 shares during the period. Cresset Asset Management LLC grew its position in shares of Fair Isaac by 6.6% during the 1st quarter. Cresset Asset Management LLC now owns 1,210 shares of the technology company's stock valued at $2,231,000 after acquiring an additional 75 shares during the period. Finally, Gen Wealth Partners Inc grew its position in shares of Fair Isaac by 16.2% during the 1st quarter. Gen Wealth Partners Inc now owns 445 shares of the technology company's stock valued at $821,000 after acquiring an additional 62 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 3.7%

FICO stock traded up $50.8630 during mid-day trading on Friday, hitting $1,412.5830. The company had a trading volume of 275,337 shares, compared to its average volume of 362,827. The company has a market capitalization of $33.90 billion, a price-to-earnings ratio of 55.24, a P/E/G ratio of 2.65 and a beta of 1.28. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The company has a 50-day moving average price of $1,574.19 and a 200 day moving average price of $1,758.25.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Oppenheimer cut their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Needham & Company LLC cut their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2,134.57.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the sale, the chief executive officer owned 44,338 shares in the company, valued at $69,432,864.62. This represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,021 shares of company stock worth $22,247,892. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.